Tag: Nigerian oil industry

Nigeria’s indigenous oil firms surge under local content reforms as gas, refining investments expand

Business Damilola Bayonle -
Nigeria’s indigenous oil sector expands under local content reforms Nigeria’s indigenous participation in the oil and gas industry has expanded...

NNPC posts N502bn profit, shocks market with petrol Below N800/Litre

Business Damilola Bayonle -
The Nigerian National Petroleum Company Limited (NNPC) has posted a robust profit after tax of N502bn for November 2025,...

Dangote refinery carifies PMS price adjustment: 15% import tariff policy not a factor

Business Damilola Bayonle -
The recent decline in petrol prices at filling stations across Nigeria has been a subject of speculation, with some...

Workers’ strike and maintenance slash Nigeria’s oil output in September — NUPRC

Business Damilola Bayonle -
Nigeria’s oil output declined in September 2025, following a combination of industrial action by senior oil workers and scheduled...

NEITI exposes N1.5tn unremitted oil revenues by companies and agencies

Business Damilola Bayonle -
The Nigeria Extractive Industries Transparency Initiative (NEITI) has raised fresh concerns over massive unremitted revenues in the country’s oil...

Senate tells regulator to punish IOCs flouting PIA rules, insists on host community trusts

Business Damilola Bayonle -
The Senate Committee on Host Communities has issued a stern directive to the Nigeria Upstream Petroleum Regulatory Commission (NUPRC),...

Politics killing Nigeria’s refineries – PENGASSAN

Business Damilola Bayonle -
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned that Nigeria’s state-owned refineries may never...

Marketers Blast NNPC Boss over Port Harcourt Refinery Snub

Business Damilola Bayonle -
Petroleum marketers in Rivers State have openly criticised the Group Chief Executive Officer of the Nigerian National Petroleum Company...

Fuel Imports Rise to 71% as Marketers Abandon Local Refineries

Business Damilola Bayonle -
In a striking development within Nigeria’s oil and gas sector, new data from the Nigerian Midstream and Downstream Petroleum...

Shell Loads First Crude Oil Shipment from New Nigerian Export Terminal

Business Damilola Bayonle -
Shell Nigeria Exploration and Production Company Limited has commenced crude oil exports from the newly established Otakikpo onshore terminal. ...

Jonathan: Western Oil Firms Exploited Nigeria’s Weak Laws

Business Damilola Bayonle -
Nigeria’s former President, Goodluck Jonathan, has sharply criticized Western oil companies for exploiting Nigeria’s historically weak legal framework and...